East Bay/Oakland office market reports

Q4 2021: The coronavirus pandemic continues to disrupt the office market. The delta variant has given way to the omicron variant which has further added to the complexities of return-to-office planning and future goals.

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As return-to-work scenarios solidify and optimism grows, transit-oriented regions like Oakland CBD are well-positioned to capture greater leasing activity and higher rents.

5.0%

Economic conditions

The East Bay/Oakland unemployment rate continues to decline from a high of 14.6 percent in April 2020 to 5.0 percent now.

-35.9%

Leasing activity

Tour activity and tenant demand had only recently begun to grow until the omicron variant slowed demand yet again.

15.7%

Vacancy

Oakland CBD contains 3.7M sf, or 69%, of the vacant square footage in the market.

734K

Sublease space

The share of sublease-to-total vacant space of 13.6% has fallen sharpy from recent the peak of 17.9% set in 2020.

-2.2%

Rental rate

East Bay/Oakland Class A average asking rents decreased by only 2.2 percent from the peak in 2020 through 4Q 2021.

$1.56B

Capital markets

Investment totals for 2021 have eclipsed 2020 by 72.3%.

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Your source for the latest East Bay/Oakland office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.

Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

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